Minneapolis passes $1 billion in construction permits

It’s another $1 billion year for construction in Minneapolis.

With three months left in 2015, the city blew past the 10-digit mark in construction permits for the fourth consecutive year.

Minneapolis passed the $1 billion mark on Sept. 11, and there are several large projects working their way through the city approval process, which officials expect will raise that number higher.

The news follows last year’s record-setting performance when Minneapolis doled out $2 billion in permits — largely aided by the Minnesota Vikings’ new home, U.S. Bank Stadium, and the nearby Wells Fargo & Co. office towers.

“We probably won’t hit $2 billion this year. It’s hard to tell what the final number will be at the end of the year,” said Rose Lindsay, spokeswoman for the city’s Planning Department.

Most of the stadium work was counted in last year’s total, but the Downtown East development continues to be a large piece of 2015. The two 17-story Wells Fargo buildings, at 550 and 600 S. 4th St., are the central feature of the project, pulling nearly $80 million in permits so far this year.

“It’s exciting to see the development around the stadium we expected come to life, creating sustainable, multiyear jobs and a vibrant downtown,” said Steve Poor, the city’s director of development services, in a statement.

A soon-to-be Embassy Suites in the historic Plymouth Building at 5th Street and Hennepin Avenue S. may be this year’s development dark horse, a project that has quietly emerged as a big spender. HRI Properties, the New Orleans-based developer heading the large project, pulled nearly $51 million in work permits, chipping away on the renovations without much public fanfare.

The new Xcel Energy headquarters building at 401 Nicollet Mall added $44 million, and the Portland Towers condo project at 740 Portland Av. added $38.7 million.

Much of the boom in the last four years can be attributed to pent-up demand created by the recession. Before 2012, Minneapolis hadn’t seen $1 billion in construction since 2000.

City officials anticipate that several large projects in the approval pipeline will be permitted in the coming weeks.

source: http://www.startribune.com/minneapolis-passes-1-billion-in-construction-permits/328912551/

Recent News

Versatile Carmix takes concrete to North Mara Gold Mine in Tanzania
    The gold mine in North Mara is situated in the north-west of Tanzania, at about 100 kilometres east of Lake Victoria and 20 kilometres south of the border with Kenya. The gold mine works an average of 8,000 tonnes of minerals a day and produced 287,188 ounces of gold in 2015. The gold
Workers’ Memorial Day, observed each year on April 28, honors workers killed, injured, or made ill at work. Since 1992, BLS has collected data on both nonfatal work injuries and illnesses that result in days away from work, and fatal work injuries. In 2015, the occupations with the highest number of nonfatal injuries and illnesses
The undercarriage of a machine represents a significant portion of a piece of equipment’s purchase price. Proper maintenance and operation practices are critical for protecting your equipment investment. Undercarriage maintenance is critical to the overall productivity of a machine. It is the mechanism that gives tracked machines much of their power and stability. It also
Deere Adds 8-Year / 20K Hour Warranty on 944K Electric-Drive Components
John Deere is now offering a 96-month / 20,000-hour power electronic components warranty on the Deere 944K hybrid wheel loader. The warranty is retroactive to existing machines in the field and provided on new 944K loaders through October 31, 2018. The warranty includes a 96-month (eight-year) or 20,000-hour (whichever comes first) non-prorated assurance on wheel
  Vermeer’s Silver Series drill rod is composed of S135 common grade steel and is threaded in the same facility as the company’s Firestick drill rod with the same column wall thickness. The Silver Series drill rod is available in four sizes: 1.66-inch, 1.9-inch, 2.06-inch, and 2.375-inch, for use on the D7x11 through the D24x40
CHILE: Construcción regional cae 7,5% y suma dos meses con cifras en rojo
Datos de Cámara Chilena de la Construcción estimaron retroceso de 7,5% en febrero que se suma al -10% de enero. Se busca consolidar esfuerzos público-privados para enmendar el rumbo. Por primera vez desde el año 2002, cuando se comenzó a publicar el Índice de Actividad de la Construcción Regional (INACOR), la Región de Coquimbo inicia

About Us

In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info


At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.

Phone: 786.219.1010
Email: sales@tractopart.com
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019